QDOT
- Qualified domestic trust: a trust utilized to delay estate taxes when the amount exceeding the personal federal estate tax exemption is left to a non-U.S. citizen spouse by another spouse
- Mr. and Mrs. Smith decided to set up a QDOT in order to delay estate taxes.
- The financial advisor suggested creating a QDOT due to their non-U.S. citizen status.
- A QDOT can provide tax relief for certain mixed-nationality marriages.
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